Proposal to merge UK Opportunities Fund (a sub-fund of SVM Funds ICVC) with RGI UK Opportunities Fund (a sub-fund of RGI Funds ICVC) and World Equity Fund (a sub-fund of SVM Funds ICVC) with RGI Compound Global Equity Fund (a sub-fund of RGI Funds ICVC) – Outcome of Extraordinary General Meeting and Next Steps
We are pleased to confirm that at Extraordinary General Meetings held on the morning of 23 September 2025, Shareholders in UK Opportunities Fund and World Equity Fund voted in favour of the proposal. This means that on 24 October 2025, UK Opportunities Fund will be merged into RGI UK Opportunities Fund and World Equity Fund will be merged into RGI Compound Global Equity Fund. New shares will be issued in RGI UK Opportunities Fund in place of shares held in UK Opportunities Fund, and new shares will be issued in RGI Compound Global Equity Fund in place of shares held in World Equity Fund.
Once the merger has taken place, we will write to you to confirm your new shareholding in RGI UK Opportunities Fund and/or RGI Compound Global Equity Fund. Where necessary the number of new Shares will be rounded up to the nearest fraction (four decimal places) and as a result, there may be a minor difference in the value of your new Shares compared to the value of those you held in UK Opportunities Fund and/or World Equity Fund. You do not have to make any payment for these new Shares. If you are already registered for MyRGI, our shareholder portal, you can also view your new holding there from 27 October 2025.
IMPORTANT INFORMATION
Suspension of Dealing in UK Opportunities Fund and World Equity Fund
To enable us to settle any outstanding trades or transactions before the merger takes effect, all deals in respect of UK Opportunities Fund and World Equity Fund must be received before 11.59 am on 23 October 2025. Any instructions received for the Fund after this time will not be implemented and will be rejected. Dealing in UK Opportunities Fund and World Equity Fund will be suspended immediately after this time and there will be no further dealing in the Funds.
Dealing in RGI UK Opportunities Fund and RGI Compound Global Equity Fund
You will be able to sell your new shares in RGI UK Opportunities Fund and RGI Compound Global Equity Fund from 27 October 2025.
Settlement periods
We would like to draw your attention to the fact that the settlement period for the RGI UK Opportunities Fund and RGI Compound Global Equity Fund is ‘T+3’ which differs from the settlement period for the UK Opportunities Fund and World Equity Fund which is ‘T+4’. This means that cleared funds for settlement of the purchase of shares will be due three business days after the dealing day on which the shares were issued and redemption proceeds will be paid three business days after the dealing day on which the shares were redeemed.
Impacted ISINs